Latest Figures Show New Home Sales Climb in Longview
Posted on: May 06, 2013 07:21:40 AM
In February, there was an increase in closings of new homes in the Longview, WA market year-over-year, increasing after staying level in January. Closings stood at one in February after being zero a year earlier and the figure was unchanged at one in January from a year earlier.
A total of 19 new homes were sold during the 12 months that ended in February, up from 18 for the year that ended in January.
Closings of new and existing homes rose year-over-year in February after also rising in January year-over-year.
Other Market Trends
Foreclosures and real estate owned (REO) closings fell in February from a year earlier, but stayed a drag on the market. Together, foreclosures plus REO closings made up 40.9% of existing home closings, down from 62.5% a year earlier. The percentage of existing home closings involving foreclosures dipped to 22.7% in February from 26.6% a year earlier while REO closings as a percentage of existing home closings declined to 18.2% from 35.9% a year earlier.
Please refer to the ABOUT THIS MSA tab to learn more about geographic coverage and data availability in the Longview, WA area.